³ÉÈËÓ°Òô

Tolley works hard to bring you the most up-to-date tax news straight to your inbox. In a dynamic industry it’s important to know when things change. With Tolley’s Tax News you can always be informed giving your clients the most comprehensive information available.

Latest Tax News

Filter icon Filter by tax area

HMRC guidance: How to choose a tax agent

HMRC has published new guidance on how to choose a tax advisor/agent to deal with HMRC on a taxpayer’s behalf.

26 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC post-Brexit import, export and customs guidance—26 September 2022

HMRC has updated its import, export and customs guidance to reflect the post-Brexit regime. The update covers the period from 13 September 2022 to 26 September 2022.

26 Sep 2022 00:00 | Published by a

Employment Related Securities Bulletin 45

HMRC has published Employment Related Securities (ERS) Bulletin 45.

26 Sep 2022 00:00 | Published by a Tolley Employment Tax expert

Weekly roundup of HMRC manual changes: 26 September 2022

26 September 2022 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

26 Sep 2022 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

Weekly roundup of HMRC post-Brexit import, export and customs guidance: 26 September 2022

HMRC has updated its import, export and customs guidance to reflect the post-Brexit regime. The update covers the period from 13 September 2022 to 26 September 2022.

26 Sep 2022 00:00 | Published by a

Tax news roundup: 26 September 2022

In the ever-fast-moving world of tax announcements and developments, this news pulls together some of the key changes announced this week. Our commentary will be updated in due course to reflect these latest developments.

26 Sep 2022 00:00 | Published by a

Mini-Budget: 23 September 2022—key tax highlights

The Chancellor of the Exchequer delivered a fiscal statement to the House of Commons, outlining cuts to income tax, reversal of the NIC increases, scrapping of the planned increase in corporation tax, permanent £1m annual investment allowance, unwinding of the 2017 and 2021 off-payroll working rules changes, and cuts to SDLT.

23 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

Brexit Bulletin—Retained EU Law (Revocation and Reform) Bill introduced

On 22 September 2022, the government introduced the Retained EU Law (Revocation and Reform) Bill 2022 to Parliament. Previously referred to as the ‘Brexit Freedoms Bill’, the legislation is intended to ‘put the UK statute book on a more sustainable footing’ post-Brexit, by ending the special status of retained EU law under UK law. Announcing the Bill, the government noted that retained EU Law ‘was never intended to sit on the statute book indefinitely’. Accordingly, the Bill makes provision for abolishing the special status of retained EU law in UK law from the end of 2023 and will enable the government to specify, amend, repeal and replace retained EU law more easily via secondary legislation. The Bill contains provisions on sunsetting the majority of retained EU law, ending the principle of supremacy of retained EU law and associated EU law principles in UK law, creating a new category of ‘assimilated law’, facilitating departures from retained EU case law, allowing easier modification of retained EU legislation, and further powers relating to EU law and assimilated law. It also contains provisions on the abolition of the business impact target.

23 Sep 2022 00:00 | Published by a

Video comment: The Growth Plan 2022

Matt Spencer, Partner at Kingsley Napley and chartered tax advisor considers the headline announcements from the Chancellor's Growth Plan 2022 and comments on the package of changes in relation to SDLT.

23 Sep 2022 00:00 | Published by a

HMRC guidance: How to choose a tax agent

HMRC has published new guidance on how to choose a tax advisor/agent to deal with HMRC on a taxpayer’s behalf.

23 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

Agent Update: issue 100

HMRC has published Agent Update issue 100 (September 2022) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

22 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

Updated guidance on how VAT affects charities (VAT Notice 701/1)

HMRC has updated VAT Notice 701/1 to add information in relation to the stage 2 test.

22 Sep 2022 00:00 | Published by a Tolley Value Added Tax expert

CIOT response on HMT consultation on Sovereign immunity from direct taxation

The CIOT has responded to the HMT consultation on Sovereign immunity from direct taxation.

21 Sep 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

Energy bill relief scheme published

The UK government has published detail of its new energy price support scheme for non-domestic customers in Great Britain.

21 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

HMRC publish UK-Luxembourg MOU on arbitration under Part VI of the Multilateral Instrument

HMRC has published the UK-Luxembourg memorandum of understanding (“MOUâ€) on the arbitration process under Part VI of the Multilateral Instrument.

21 Sep 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

HMRC updates Employer Bulletin: August 2022

HMRC has updated its Employer Bulletin with a revised start date of the variable payment plan service.

21 Sep 2022 00:00 | Published by a Tolley Employment Tax expert

Weekly roundup of HMRC manual changes: 20 September 2022

20 September 2022 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

20 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

Tax news roundup: 20 September 2022

In the ever-fast-moving world of tax announcements and developments, this news pulls together some of the key changes announced this week. Our commentary will be updated in due course to reflect these latest developments.

20 Sep 2022 00:00 | Published by a

Weekly roundup of HMRC post-Brexit import, export and customs guidance: 20 September 2022

HMRC has updated its import, export and customs guidance to reflect the post-Brexit regime. The update covers the period from 12 September 2022 to 20 September 2022.

20 Sep 2022 00:00 | Published by a

Bulgaria ratifies BEPS Multilateral Instrument

Bulgaria has deposited its instrument of ratification for the BEPS Multilateral Instrument.

20 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

Popular Articles

Taxation of dividend income

Taxation of dividend incomeIntroductionA dividend is a distribution of profit by a company to its shareholders.A dividend is not only a payment in cash. It can be the issue of new shares in exchange for forfeiting the right to a cash payment (a stock dividend). For more detail, see the Cash

14 Jul 2020 13:48 | Produced by Tolley Read more Read more

Bad debts

Bad debtsBad debts usually arise where goods or services have been provided to a customer, for which payment has not been received within a reasonable or specified time period, or for which the customer is unable to pay. It is necessary to determine the quantum of relief that can be claimed for bad

14 Jul 2020 15:34 | Produced by Tolley Read more Read more

Corrections and amendments to the IHT account

Corrections and amendments to the IHT accountThis guidance note explains how to deal with changes to the taxable values in the original inheritance tax account.Why do amendments arise?When the IHT account is first submitted to HMRC, it is based on information available at an early stage of the

14 Jul 2020 11:20 | Produced by Tolley Read more Read more